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PEP PepsiCo Inc.

Stable Control
Peak Score
85.4
top 36% of tracked companies
control ceiling: 51.5 · methodology ↗
score IQR: 16.1–42.4
last flagged: 2020-02-13
latest filing: 2026-02-03
z-score vs own history: -1.3σ
latest score percentile: 25.3th

Phrase Escalation Score Over Time

Overlays:
Score (left axis)

Filing Pair Breakdown

Annual (10-K) and quarterly (10-Q) pairs combined · click any row to expand signals.

10-K 2025-02 → 2026-02 @ $161.41
RF: 9290→9542w (2.7%)
0.8
Most Anomalous Sentences semantic score: 2.222
"Our sources and uses of cash were not materially adversely impacted by the cash and cash equivalents held in Russia and, to date, we have not identified any material impact on our liquidity or capital resources as a result of these amounts."
distress relevance: 0.63 market specificity: 0.39 score: 0.361 mda
anchor: cash and cash equivalents declined significantly
"Furthermore, our cash provided from operating activities is somewhat impacted by seasonality."
distress relevance: 0.55 market specificity: 0.37 score: 0.311 mda
anchor: we are experiencing significant cash outflows
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.39 score: 0.310 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
"Impairment and Other Charges/Credits We recognized impairment charges taken primarily as a result of our quantitative assessments of certain of our indefinite-lived intangible assets and related to our investment in TBG."
distress relevance: 0.61 market specificity: 0.28 score: 0.300 mda
anchor: material impairment charges on our investment portfolio
"We continue to monitor existing and proposed taxes and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such taxes, regulations or limitations, including advocating alternative measures with respect to the imposition, form and scope of any such taxes, re"
distress relevance: 0.55 market specificity: 0.35 score: 0.300 mda
anchor: we are subject to formal regulatory enforcement action
10-K 2024-02 → 2025-02 @ $136.75
RF: 8677→9290w (7.1%)
16.1
Most Anomalous Sentences semantic score: 2.301
"Brand Portfolio Impairment Charges We recognized intangible asset, investment and property, plant and equipment impairments and other charges as a result of management’s decision to reposition or discontinue the sale/distribution of certain brands and to sell an investment in 2022."
distress relevance: 0.66 market specificity: 0.39 score: 0.377 mda
anchor: material impairment charges on our investment portfolio
"We recognized impairment charges taken as a result of our quantitative assessments of certain of our indefinite-lived intangible assets and related to our investment in TBG."
distress relevance: 0.67 market specificity: 0.25 score: 0.320 mda
anchor: material impairment charges on our investment portfolio
"The decrease in operating cash flow primarily reflects unfavorable working capital comparisons."
distress relevance: 0.59 market specificity: 0.32 score: 0.310 mda
anchor: cash and cash equivalents declined significantly
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.39 score: 0.310 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
"Furthermore, our cash provided from operating activities is somewhat impacted by seasonality."
distress relevance: 0.55 market specificity: 0.37 score: 0.308 mda
anchor: we are experiencing significant cash outflows
10-K 2023-02 → 2024-02 @ $154.84
RF: 7964→8677w (9.0%)
27.8
Most Anomalous Sentences semantic score: 2.347
"Brand Portfolio Impairment Charges We recognized intangible asset, investment and property, plant and equipment impairments and other charges as a result of management’s decision to reposition or discontinue the sale/distribution of certain brands and to sell an investment."
distress relevance: 0.65 market specificity: 0.37 score: 0.364 mda
anchor: material impairment charges on our investment portfolio
"We recognized impairment charges taken as a result of our quantitative assessments of certain of our indefinite-lived intangible assets and related to our investment in TBG."
distress relevance: 0.67 market specificity: 0.25 score: 0.320 mda
anchor: material impairment charges on our investment portfolio
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.39 score: 0.310 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
"We continue to monitor existing and proposed taxes and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such taxes, regulations or limitations, including advocating alternative measures with respect to the imposition, form and scope of any such taxes, re"
distress relevance: 0.55 market specificity: 0.35 score: 0.300 mda
anchor: we are subject to formal regulatory enforcement action
"We continue to monitor existing and proposed laws and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such laws or regulations."
distress relevance: 0.59 market specificity: 0.29 score: 0.299 mda
anchor: we are subject to formal regulatory enforcement action
10-K 2022-02 → 2023-02 @ $155.11
RF: 7973→7964w (-0.1%)
42.4
Most Anomalous Sentences semantic score: 2.292
"Brand Portfolio Impairment Charges We recognized intangible asset, investment and property, plant and equipment impairments and other charges as a result of management’s decision to reposition or discontinue the sale/distribution of certain brands and to sell an investment."
distress relevance: 0.65 market specificity: 0.30 score: 0.332 mda
anchor: material impairment charges on our investment portfolio
"Furthermore, our cash provided from operating activities is somewhat impacted by seasonality."
distress relevance: 0.55 market specificity: 0.37 score: 0.311 mda
anchor: we are experiencing significant cash outflows
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.39 score: 0.310 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
"to distribute Bang energy drin ks, we recorded impairment and other related charges which reduced operating profit growth by 7 percentage points (brand portfolio impairment charges)."
distress relevance: 0.53 market specificity: 0.40 score: 0.309 mda
anchor: material impairment charges on our investment portfolio
"We continue to monitor existing and proposed laws and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such laws or regulations."
distress relevance: 0.59 market specificity: 0.31 score: 0.309 mda
anchor: we are subject to formal regulatory enforcement action
10-K 2021-02 → 2022-02 @ $147.21
RF: 6956→7973w (14.6%)
31.5
Most Anomalous Sentences semantic score: 2.661
"We continue to monitor existing and proposed laws and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such laws or regulations."
distress relevance: 0.59 market specificity: 0.37 score: 0.332 mda
anchor: we are subject to formal regulatory enforcement action
"These matters are inherently uncertain and there is no guarantee that we will be successful in defending ourselves or that our assessment of the materiality of these matters and the likely outcome or potential losses and established reserves will be consistent with the ultimate outcome of such matters."
distress relevance: 0.52 market specificity: 0.43 score: 0.317 risk_factors
anchor: substantial doubt about our ability to continue as a going concern
"We continue to monitor existing and proposed taxes and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such taxes, regulations or limitations, including advocating alternative measures with respect to the imposition, form and scope of any such taxes, re"
distress relevance: 0.55 market specificity: 0.38 score: 0.313 mda
anchor: we are subject to formal regulatory enforcement action
"Furthermore, our cash provided from operating activities is somewhat impacted by seasonality."
distress relevance: 0.55 market specificity: 0.37 score: 0.311 mda
anchor: we are experiencing significant cash outflows
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.39 score: 0.308 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
10-K 2020-02 → 2021-02 @ $114.66
RF: 14507→6956w (-52.1%)
26.3
Most Anomalous Sentences semantic score: 2.746
"The fair value of our derivatives fluctuates based on market rates and prices."
distress relevance: 0.54 market specificity: 0.44 score: 0.328 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio
"We continue to monitor existing and proposed taxes and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such taxes, regulations or limitations, including advocating alternative measures with respect to the imposition, form and scope of any such taxes, re"
distress relevance: 0.55 market specificity: 0.41 score: 0.324 mda
anchor: we are subject to formal regulatory enforcement action
"In addition, amortizable intangible assets, property, plant and equipment and other long-lived assets are evaluated for impairment upon a significant change in the operating or macroeconomic environment."
distress relevance: 0.56 market specificity: 0.39 score: 0.318 risk_factors
anchor: material impairment charges on our investment portfolio
"At the end of 2020, we estimate that an unfavorable 10% change in the underlying exchange rates would have increased our net unrealized losses in 2020 by $175 million, which would be significantly offset by an inverse change in the fair value of the underlying exposure."
distress relevance: 0.56 market specificity: 0.38 score: 0.318 mda
anchor: significant unrealized losses that would be realized if we sold securities
"These matters are inherently uncertain and there is no guarantee that we will be successful in defending ourselves or that our assessment of the materiality of these matters and the likely outcome or potential losses and established reserves will be consistent with the ultimate outcome of such matters."
distress relevance: 0.52 market specificity: 0.43 score: 0.317 risk_factors
anchor: substantial doubt about our ability to continue as a going concern
10-K 2019-02 → 2020-02 @ $120.90
RF: 13476→14507w (7.7%)
85.4
Most Anomalous Sentences semantic score: 2.438
"While no material impairment charges have been recorded in the periods presented in this Form 10-K, we may in the future record impairment charges that have a material adverse effect on our results of operations in the periods recognized."
distress relevance: 0.70 market specificity: 0.33 score: 0.372 risk_factors
anchor: material impairment charges on our investment portfolio
"To date, this transition has not materially affected, and we do not expect it to materially affect, our internal control over financial reporting."
distress relevance: 0.65 market specificity: 0.35 score: 0.353 risk_factors
anchor: material weakness in internal control over financial reporting
"We continue to monitor existing and proposed taxes and regulations in the jurisdictions in which our products are made, manufactured, distributed and sold and to consider actions we may take to potentially mitigate the unfavorable impact, if any, of such taxes, regulations or limitations, including advocating alternative measures with respect to the imposition, form and scope of any such taxes, re"
distress relevance: 0.55 market specificity: 0.43 score: 0.331 mda
anchor: we are subject to formal regulatory enforcement action
"In connection with these implementations and resulting business process changes, we continue to enhance the design and documentation of business processes and controls, including our internal control over financial reporting processes, to maintain effective controls over our financial reporting."
distress relevance: 0.59 market specificity: 0.37 score: 0.326 risk_factors
anchor: our internal controls over financial reporting are not effective
"This increase also reflects higher interest rates on debt balances, as well as losses on the market value of investments used to economically hedge a portion of our deferred compensation liability."
distress relevance: 0.62 market specificity: 0.32 score: 0.324 mda
anchor: rising interest rates have significantly reduced the fair value of our portfolio

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